Member Info for Charlie1984

Seems the numbers are expected to increase and a production increase RNS will follow in the coming days. Few asking for figures but how long is a bit of string, until implemented the increases will not be known only the direction of output.

"In addition, our oil production from the

Shannon Unit will increase as production rates have been restricted in certain wells due to these issues.

The gas flaring is temporary, as we plan to debottleneck the gas gathering system in the coming months by first tying in two flowing wells directly to our gas plant followed by staged upgrades to our gas gathering system."

End of the interview if you have listened to it AM discussed that they are in talks with a JV. When asked by the interviewer a question is on giving more information about the JV but this isn't disclosed as its sensitive information.
So dont expect RNS until terms are agreed but very positive that this was mentioned right at the end of the interview.
Also RBL they are in talks with 3 major banks so also expecting update on this shortly.
Some cannt see the wood for the trees things are all coming together and like buses the news looks set to arrive in close concession.
Also mentioned was the production rates up 11% for August but have been higher. Question again from interviewer from a PI has the production increased and what has it increased to, AM its all in line with the presentation so read it.
Very happy here GLA

Mine issued two weeks ago and they have been in the bottom draw that long I wrote them off. With that in mind they are staying there till this plays out.
If you have been tracking this share you will see there is news due, so why sell now unless your desperate - GLA

The smaller sells are traders on a free platform, you wouldn't by that small without it being free, you normally see a whole bunch of these go through as someone is playing games to the untrained eye showing lots of red trades. There is as mentioned larger trades popping up but these have been both busy and sells.
As there is no publication for a buy or a sell other than a trade price which then predicts a buy or a sell this can not be used as an actual reflection of what the market is doing, if its rising and blue people are buying if the SP drops more people are selling than buying...................................

Nice Q2 update.
Debt facility reduced by $2.5m
Money in the bank
BOPD not to shabby and increasing

What is the MC .....................................say no more hold long and top up is my strategy - GLA

Lets wait till Art puts all his cards on the table, lots going on behind the scenes. Very easy for all the financial advisors and well engineers commuting on a project and filed they don't fully understand.

Wouldn't have though AM and the team have been idol but quiet the opposite looking at the best ways to optimize production and search out the best finance deals.
Yes we have had teething problems but this is no unheard of for a new well or field until it is fully understood how it reacts.

De-waxing - it was my interpretation that this was completed , the pipe cleaned trough with high pressure steam so just a case of dropping it back down the hole and attaching the pump.
What wasnt clear is how long this has taken in production to become choked up and if this will be a continuous theme or if the wax / paraffin will only need clearing a couple or few times until oil is free flowing.
I am also expecting to see a shift positively in relation to the bopd, I am sure this is priority and the increased numbers supporting the RBL

To many ciders
6hrs ahead

Lots of traders at work expect the wells to be shorts closing once they are done volume should move this up rapidly imo

So what is Bbls ?

Posted this earlier bottom of the RNS read it in its entirety

· Total net risked Contingent Resources 1C, 2C and 3C Recoverable

o 4,079,000 Bbls.

No joke bottom of RNS most have missed it

It’s is 4 billion missed the Zeros off added the B before short hand. Very conservative just need those drills spinning could be another 300% increase to reserves

Not AIM
Just shorters getting their shorts closed

Crazy volume so far guys looking good updates next week ?
Surely don’t give this Friday then have nothing left to hit the market with Monday GLA

Always going to be closing near the bell

Who read the full RNS or got excited at just under 1 billion reserves ?

Anyone else read this bit

· Total net risked Contingent Resources 1C, 2C and 3C Recoverable

o 4,079,000 Bbls.

Current MC based on 40 million barrels
This puts us over 1 billion that’s x25 original reserves.
100 identified well sites so we can only expect further reserve growth - GLA
Now maybe the market wakes up come on COPL

Notification now on ii if you click on and open your holding.

Very nice to see that there is some good news flow due which should accelerate and strengthen the SP of our CGO shares

Few need to re-read the last RNS again. There is a saying "can not see the wood for the trees"

Do you know why they have conducted the placing shares and the current finance?
I thought it was very clear that this has been done to secure a better finance deal and get away from the hedges and also get better rates going forward.

Why you might believe the current deal to be good its to better position the company for securing better finance going forward and makes the process cleaner.

if you haven't already watch the latest podcast done by AM it explains a little clearer than the RNS - GLA

Don't like RNS at the back end of the week, the SP runs much better in my opinion from an RNS at the start.
The only way I see a late week RNS as a positive is if we got one update today and a further update on production say Monday.
Arthur has informed us that there will be plenty of updates and news going forward. This is literally backing up with potential news flow and like busses will all come at once. GLA